Proceedings of 23rd International Business Research Conference
18 - 20 November, 2013, Marriott Hotel, Melbourne, Australia, ISBN: 978-1-922069-36-8
A Review of Literature on Small Business Access to Finance
L.A. Ntiso, P. Chitakunye and M. Phiri
Access to finance for small business is deemed to be one of the prohibiting
factors towards growth and development of small businesses. This challenge is
facing both developed and developing countries alike. A lot of research has been
done in this area, yet to this date, lack of finance continues to be a challenge for
small business. What is missing in literature? This paper reviews existing
literature to understand what have been done in research to address this
dilemma. Although small businesses need finance more than their counterparts
large businesses, we argue that for their own growth and development, small
businesses will never be a market for commercial lending. Introduction of credit
schemes by governments do not necessarily address the problem either.
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Ms L.A. Ntiso, Department of Business Management, University of South Africa, South Africa,
Email: ntisola@unisa.ac.za
Dr P. Chitakunye, University of KwaZulu-Natal, South Africa.
Dr M. Phiri, Entrepreneurial Development, University of KwaZulu-Natal, South Africa.